Namik

So we need to scale the layer one.

I don't think it's as easy as like boom, it's done.

But I think Ethereum and the EF needs to take Ethereum's success into their own hands and understand that L2s are trying to build

businesses or trying to build products that are valuable.

And I think ultimately that's what we, where we see PMF of like institutions as layer twos, right?

They like that trade-off.

Yeah, I think there are a few teams that are working on making stage 3 roll-ups, and I think that's also exciting.

So I don't want to, like, you know, invalidate all the hard work that they're doing.

I think on our end, it's just like this, like, very, like, at least from my perspective, like, a very left-curve brain is, like, you know, we should work on, like, like, Ethereum L1 needs to scale, right?

but it also can't scale in a way where it compromises its value proposition to the market.

And forget Negi, forget L2s, right?

I mean, the reason why ETH wins is obviously A, it's platform economics.

It's here, it has a lot of liquidity, it has a lot of users.

But I also think there is value in being the most decentralized to your incomplete blockchain.

And for a long time, we were saying, okay, well, let's just ossify the whole thing now and not touch anything because this is sufficient.

And we'll just do it all in L2s.

And that was not the right answer, right?

But the right answer was like, okay, we need to scale to L1.

But I don't think we should scale the L1 in an appropriate manner in which we lose our decentralization property.

And I think that's where L2s can maintain a valid proposition, right?